Chapter 62: Shanghai Composite Index rises for three consecutive days
Tuesday is another new trading day. No matter what your profession is, whether you are a full-time stock trader or have your own job, as long as you have bought stocks, it is almost necessary for every stock investor to pay attention to stocks on trading days.
"Once you enter the stock market, you will be a stockholder for life." This is not just talk. The stock market has such magic that people are addicted to it.
However, for most ordinary people, it is better not to trade in stocks if possible, especially not to borrow money to trade in stocks, otherwise it may cause more troubles.
Of course, China lacks investment channels. Apart from houses, there are not many things that ordinary people can invest in to make their wealth appreciate. Therefore, many people have to choose to speculate in stocks. This is one of the reasons why there are so many retail investors in A-shares. However, if you really want to invest in the stock market, you must allocate funds properly and cannot invest all your assets in the stock market.
Use your spare money that you don't need temporarily to invest in the stock market. The time period should be at least one year or even several years. Otherwise, when you need to spend money, you have to sell the stocks you bought even if they are rising. This is a pity, and it would be even more not worth it if you are stuck and have to sell at a loss.
In the season when performance reports are frequently released, the two markets are destined not to have much market momentum. For ordinary investors, each performance report is like opening a blind box. If the performance exceeds expectations, you can make a big profit. If the performance falls short of expectations or even suffers a huge loss, you can just turn off the lights and eat noodles.
At 9:30 am, after today's opening, there were signs that funds continued to flow into the Shanghai Composite Index, while the ChiNext continued to perform poorly.
Dafu Technology opened at 18.20 yuan in the call auction. After the official start of trading, its performance was the same as yesterday, but not as strong as yesterday. It only rose to 18.78 yuan in the opening stage, and after an increase of 1.5%, it began to fall back, and the trading volume further shrank.
"It looks like today is another day of doji. There won't be any big market movement before the earnings report comes out." Gu Junhao muttered after staring at Dafu Technology's trading board for a while.
Dafu Technology will announce its 2013 annual financial report on the 28th of this month. Although it has made a pre-disclosure, the official financial report has not yet come out. The 28th is not too early, but it is not too late either, so I think the financial report should be good.
The market index was still red, and the ChiNext was still green. This was probably the market trend for today. He had nothing to do anyway. Gu Junhao simply started drafting a plan for his own company. In his previous life, he also opened a company, but it was a small company. He didn't play such a big game, so he just did it as he pleased.
Since we want to be an investment company, we can't be so casual. We have to do a good job of top-level design. The company's name is tentatively named "Junshi Capital". As for the business to be separated, there will be VC and PE funds. The so-called VC is venture capital, and PE funds are private equity investments.
We will adopt a two-pronged approach: in addition to VC and PE in the primary market, we will also engage in private equity funds in the secondary market and, if possible, develop public equity funds in the future.
Private equity funds are funds that raise funds from investors through private placement, manage them, and invest in the securities market. Most of them are secondary market investments. In layman's terms, they help others speculate in stocks and earn management fees. However, some PE funds invest in unlisted companies through private placement and assist the investment targets to cash out after listing.
What Gu Junhao wants to do now is the first one. The second one requires certain connections, which he does not have at the moment.
As for public funds, they are easy to understand. They are the funds that investors often talk about. They raise funds from the public. The conditions for issuing private funds are relatively simple, but those for public funds are much more complicated.
Since public funds are publicly issued to the public, in addition to complying with the articles of association of the Company Law, the company's registered capital cannot be less than 100 million yuan, and it must be paid in full. The number of employees must reach a certain number. In addition to these most basic conditions, a fund license is also required, which is probably the most difficult of all the conditions.
If you need to set up a public fund in the future, it would be more convenient to directly acquire a small fund company with poor performance rather than registering it yourself .
For the two businesses, it is best to create two subsidiaries, which will be wholly owned by the parent company. For VC, call it Junshi Investment, and for PE, just call it Junshi Fund. Find an opportunity to register the two companies.
"I have to write a business plan." Starting a business is a big deal and cannot be done in such a hasty manner. Thinking of this, Gu Junhao began to think seriously.
In this way, Gu Junhao wrote and drew, and made corrections. Before he knew it, the day had passed. Starting a business is a complicated process, not something that can be done on impulse, especially if you want to set up a financial investment company, the links are even more complicated.
It is not something that can be done by one person at home, it requires the cooperation of more talents. I don’t understand all the specific details. Now I just roughly write a business plan to plan the future framework of the company.
After finishing these things, Gu Junhao also took a rough look at today's market. There was no major change in the overall market today. Dafu Technology, which he held, closed down 1.51 % today at 18.23 yuan, forming a false positive cross star line. The transaction volume shrank to 58 million yuan, and continued to adjust in a shrinking volume. In terms of trend, it is still within a safe range.
The ChiNext Index continued to fall today, eventually closing at 1394.82 points, once again falling below 1400 points, a drop of 0.18%.
It is worth mentioning that the Shanghai Composite Index continued to close in the green today, successfully completing a three-day winning streak. The index also rose to 2067.31 points, with a turnover of over 100 billion yuan for three consecutive trading days. It is obvious that some smart funds have begun to accumulate funds at the bottom.
However, it is not so easy to achieve a comprehensive reversal. The trend does not start in a day or two, nor can it be pulled up instantly by a sum of money. From a macroeconomic perspective, at the beginning of 2014, the domestic economy was still digesting the pain of the 4 trillion economic stimulus in 2008. In the first quarter, the market was still reviewing the economy in 2013 and looking forward to 2014.
In 2013, the domestic GDP actually grew by 7.7%, slightly higher than the growth target of 7.5% and the same as in 2012. Both fixed assets and retail sales maintained double-digit high growth. Although the annual CPI increased by 2.6%, which was slightly higher, the overall inflationary pressure was still relatively small. Overall, the economic data basically met market expectations.
The economic data is basically in line with expectations, and it can also explain why transactions worth hundreds of billions of yuan continue to occur here. There is never a shortage of smart people in the market.
